14 U.S.C. § 284 : US Code - Section 284: Regular Coast Guard; officers serving under temporary appointments

Search 14 U.S.C. § 284 : US Code - Section 284: Regular Coast Guard; officers serving under temporary appointments

(a) Each officer of the Regular Coast Guard appointed under
section 214 of this title who is serving in the grade of lieutenant
(junior grade) or lieutenant and who has failed of selection for
promotion to the grade of lieutenant or lieutenant commander,
respectively, for the second time shall:
(1) be honorably discharged on June 30 of the promotion year in
which his second failure of selection occurs; or
(2) if he so requests, be honorably discharged at an earlier
date without loss of benefits that would accrue if he were
discharged on that date under clause (1); or
(3) if on the date specified for his discharge in this section
he is eligible for retirement under any law, be retired under
that law on that date.
(b) Each officer subject to discharge or retirement under
subsection (a) may elect to revert to his permanent grade.